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Price Analysis: Sept 23 – 30 2019

Bitcoin

Overall: Sideways

Prices of Bitcoin has been moving sideways in a narrow range for the second week. It is difficult to make profits in the short term in these market conditions. It may be a strategic decision to delay investing in Bitcoin until the price action becomes clearer. It is expected that the prices of Bitcoin could soon witness a big move in either direction. The key support line is at $9,000.  

Ethereum

Overall: Short-term uptrend

In the past week, ETH had a better performance than BTC. ETH experienced a short-term bullish run before it was sold out at the significant resistance line of $220. In the short term, it may continuously gain momentum in a drastic sell-off due to speculation. Moreover, ETH’s relative strength index (RSI) enters the overbought zone with short-term support at $190.     

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

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